LOCATION
The premises are located at the junction of High Street & Newbury Street in Andover Town Centre, close to one of the entrances to the Chantry Centre, Andover's covered shopping centre, a selection of independent retailers and national multiples including Clarks, Savers & Specsavers together with ample parking nearby.
DESCRIPTION
Two-storey, town centre, retail premises with small rear yard, heating, lighting and WCs.
SERVICES
Mains electricity, gas, water and sewerage.
ACCOMMODATION
| |
m2 |
[ft2] |
|
| Basement |
|
|
|
| Male & Female WCs |
|
|
|
| |
|
|
|
| Ground Floor |
|
|
|
| Retail Area |
27.0 |
[291] |
|
| Rear Staffroom |
10.7 |
[115] |
|
| |
|
|
|
| First Floor |
|
|
|
| Retail Area |
29.0 |
[313] |
|
| |
|
|
|
| TOTAL |
66.7 |
[719] |
|
ENERGY PERFORMANCE CERTIFICATE
C57 - Valid until 12/10/2029
RATING ASSESSMENT
| Rateable Value from 01/04/2023 |
£7,400.00 |
| Business Rates Payable 2025/26 * |
£3,692.60 |
| With Small Business Rate Relief 2025/26 |
£0.00 |
* This figure could be reduced by 40% in the 2025/26 rating year if the occupier qualifies for the relief scheme for retail, hospitality and leisure properties up to a maximum of £110,000 per business.
| Rateable Value from 01/04/2026 |
£7,700.00 |
| Business Rates Payable 2026/27 |
£2,941.40 |
| With Small Business Rate Relief 2026/27 |
£0.00 |
In England and Wales small businesses are generally entitled to Small Business Rate Relief if they only occupy one commercial property and the Rateable Value of that property is less than £15,000.
BID [BUSINESS IMPROVEMENT DISTRICT]
The premises are within a BID but as the Rateable Value is below £10,000 are not subject to a charge of 2% of the Rateable Value per year.
LEASING BUSINESS PREMISES
The Code for Leasing Business Premises, England and Wales 2020 is available to download at: www.rics.org/globalassets/code-for-leasing_ps-version_feb-2020.pdf
CAR PARKING SEASON TICKETS
Test Valley Borough Council usually have season tickets available in some of the town centre parks. See www.testvalley.gov.uk or telephone 01264 368000.
GRANT
A £1,200 grant may be available from Test Valley Borough Council - search TVBC Independent Retailer Grant.
TERMS
Price £180,000.
VAT is not currently charged.
LEGAL COSTS
Each party to bear their own legal costs.
Ref: 4266C
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